Which of the Following Statements Is True

question 56

Multiple Choice

Which of the following statements is true?

• A)The marginal product of capital is positive as long as the production function's slope is positive.
• B)The marginal product of capital is positive as long as the production function's slope is zero.
• C)The marginal product of capital is negative as long as the production function's slope is positive.
• D)The marginal product of capital is negative as long as the production function's slope is zero.

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Definitions:

Startup Airline

A newly established airline company that is in the initial stages of its operations.

Round-Trip Ticket

A ticket that allows someone to travel to a destination and return to the original departure point, typically within a specified period.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, representing the benefits you could have received by taking an alternative action.

Monetary Cost

The amount of money expended to produce or acquire goods or services.